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Disney to buy stake in MLB’s video unit for $3.5 billion: Bloomberg

Posted by: Admin | Posted on: June 30th, 2016 | 0 Comments


Walt Disney Co (DIS.N) has agreed to buy 33 percent stake in the video unit of Major League Baseball’s digital arm MLB Advanced Media in a deal valued at about $3.5 billion, Bloomberg reported, citing a person familiar with the matter.

Disney will also retain a four-year option to buy an additional one-third stake, Bloomberg said. (bloom.bg/29ute4B)

Disney and Major League Baseball could not be immediately reached for comment.

(Reporting by Supantha Mukherjee in Bengaluru; Editing by Savio D’Souza)

Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/VZ3iL3t9hn0/us-majorleaguebaseball-stake-walt-disney-idUSKCN0ZG2YF

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